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Traditional Chinese Medicine Hospitals in China: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Traditional Chinese Medicine Hospitals Market Research Report | Mar 2015

IBISWorld’s Traditional Chinese Medicine Hospitals market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$47bn
Annual Growth 10-15
18.0%
Annual Growth 15-20
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Profit
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Employment
788,607
Businesses
3,023
Industry Analysis & Industry Trends

Driven by government support and increasing demand from patients, the development of the Traditional Chinese Medicine Hospitals industry has accelerated in recent years. In 2015, revenue for this industry is expected to reach $46.7 billion, up 14.0% from 2014 and representing annualized growth of 18.0% from 2010.

For the Traditional Chinese Medicine Hospital industry, a growing number of patients has ensured revenue and profitability increases. Profitability is estimated to rise from 0.9% in 2007 to 4.5% in 2015. The scale of traditional Chinese medicine hospitals has also been expanding. There are about 3,023 traditional Chinese medicine hospitals in China, each containing 236 beds on average.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

After years of slow development, the Traditional Chinese Medicine Hospital industry in China has accelerated its development. From 2010 to 2020, value-added for this industry is expected to increase at annualized rate of 15.3%, higher than China's GDP growth during the same period of about 6.5%.

Traditional Chinese medicine is playing an increasing role in disease prevention and treatment. Recent healthcare reform has encouraged the development of traditional Chinese medicine (TCM) and the Chinese government has increased the fiscal allowance to TCM hospitals. Additionally, the government's twelfth five-year plan supports the development of traditional Chinese medicine and TCM hospitals... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Traditional Chinese Medicine Hospitals Industry?

The Traditional Chinese Medicine Hospital industry in China comprises licensed traditional Chinese medicine general hospitals and traditional Chinese medicine specialized hospitals. Integrated traditional Chinese and Western medicine hospitals and ethnic minority hospitals are not included in this industry.

Industry Products
Outpatient servicesInpatient servicesMedicine sales
 
Industry Activities
Diagnostics and examination servicesMedicine boiling servicesAcupuncture and moxibustion servicesManipulation services Scrape therapy servicesOther hospital services


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